Trust income

Q.Is it possible to use Voyant to calculate the cashflow of a Trust? nb The Trust has 3 beneficiaries with specific income requirements and a mix of assets.

A. Voyant could be used model the cash flow related to the trust but not the taxes paid by the trust.

If you were to set up the plan for the trust (entering the trust as the client) and perhaps enter the holdings within the trust under Investments, under an account type of Offshore Taxable, with a Gains Rate set accordingly, you could model the trust and the outgoing from or incomings to it.

Be aware that the software is only coded to model one's personal taxes, not the taxes incurred by/within the trust itself. Those taxes might be entered manually, however, as an expense.